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Amazon India's talks with Zomato, Swiggy unsuccessful

Earlier, the company sent a term-sheet to Zomato for investment at $600mn valuation. However, the talks were unsuccessful over Zomato's estimated worth. Its negotiations with Swiggy also failed last year.

Now, Amazon is planning to expand its meal kit delivery business in the country.

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Merger?

Zomato, Swiggy merger talks fall through

Paytm held investment discussions with Swiggy while its largest shareholder Ant Financial, with Zomato.

If Ant Financial's investment in Zomato goes through, the Gurugram-based food-delivery player is likely to align Paytm "more closely" as a payments option.

Ant wanted Zomato and Swiggy to enter a merger deal and invest in that combined entity, but discussions were unsuccessful owing to strategic and valuation differences.

What's the rush?

Internet giants' rush for food-delivery investments triggers race

All the above discussions may not even lead to deals as the three e-commerce players are involved in talks with multiple food businesses.

An anonymous entrepreneur, who participated in some discussions, said a "fear of missing out or to deny an opportunity to (their rivals)" is driving the etailers' hunt rather than a "very well-thought-out strategy or a major business use-case."

Online Retail

Online retail in India expected to slow down

Some say the e-commerce companies' rush to diversify comes amid expectations of slow growth in the online retail business in India.